UK new car market stabilises in February

NFDA 06/03/2017

“Demand for new cars in the UK stabilised in February with a total of 83,115 units registered. It is positive to see the alternatively fuelled vehicle market performing well, up 48.9%, and growing market share. The skill and expertise of technicians at franchised dealers make our members best placed to service this growing market”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) commenting on the SMMT’s new car registration figures.

New passenger car registrations in the UK stabilised -0.3% in February compared with last year with a total of 83,115 units. While registrations of diesel car declined by -9.2%, demand for petrol cars rose again by 5.8% and alternative fuel vehicles continued their positive trend with an enormous increase of 48.9%.
Robinson continued, “While alternative fuel vehicles continue to grow, they still represent a small portion of the market and more needs to be done to support their introduction.

“Higher numbers of low emission vehicles on UK’s roads could bring several benefits including significant gains in air quality. The Government though must ensure that a well thought out strategy, coordinated with both manufacturer and dealers will be implemented. This should look at developing the right infrastructure and promoting incentives to support consumer confidence.

“We are now looking forward to a buoyant March with the plate change which could mark a positive finish to the first quarter.”

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About the RMI

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.